PPG INDUSTRIES (UK) LIMITED

NEEDHAM ROAD, STOWMARKET, SUFFOLK, IP14 2AD

Company Number: 02110620
Incorporation date: 13-Mar-1987
Status: Active
Entity type: Private Limited Company

SIC codes:
20160 Manufacture of plastics in primary forms
20301 Manufacture of paints, varnishes and similar coatings, mastics and sealants




SUMMARY

This company is 37.3 years old and is currently active. It is controlled by Ppg Holdings (U.K.) Limited. The company has positive equity (net assets) of GBP 37.3 million which has increased from GBP 30.3 million in the previous year. The latest reported revenue figure is GBP 126.7 million which is similar to the previous year's figure of GBP 122.3 million. Retained earnings is negative (GBP -63.8 million), which means the company has aggregate losses since it's inception or it has paid more dividends than it can afford; given the company's age, this is a sign of serious financial problems. The company has 10 active officers (directors or partners) who are or were officers of 13 other companies. The company has no public disputes filed on the Business Disputes Register. There is one court case involving the company that we are aware of.


FINANCIALS (BETA)

Next accounts due: 30-Sep-2024
Accounts Filed: FULL (31-Dec-2022)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Dec-2018 GBP 126,698,000 9,506,000 369,000 872,000 2,591,000 7,929,000
31-Dec-2017 GBP 122,301,000 5,148,000 263,000 958,000 2,999,000 2,174,000
31-Dec-2016 GBP 109,125,000
31-Dec-2015 GBP 154,730,000 720,000 13,000 2,337,000 172,000 -1,432,000
31-Dec-2014 GBP 161,156,000 3,633,000 40,000 1,209,000 1,819,000 4,083,000
31-Dec-2013 GBP 149,516,000 2,123,000 24,000 989,000 671,000 487,000
31-Dec-2012 GBP 4,851,000 126,000 1,669,000 3,280,000 28,000
31-Dec-2011 GBP 149,573,000 11,471,000 134,000 6,971,000 2,397,000 2,237,000


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Dec-2018 GBP 61,407,000 68,000,000 -63,788,000 37,267,000
31-Dec-2017 GBP 138,274,000 65,000,000 -70,753,000 30,302,000
31-Dec-2016 GBP 86,000 103,313,000 16,538,000 65,000,000 -70,172,000 30,883,000
31-Dec-2015 GBP 6,723,000 72,983,000 42,455,000 65,000,000 -100,929,000 126,000
31-Dec-2014 GBP 6,723,000 77,452,000 16,958,000 65,000,000 -82,562,000
31-Dec-2013 GBP 9,906,000 74,553,000 17,043,000 65,000,000 -99,891,000
31-Dec-2012 GBP 12,007,000 63,797,000 17,202,000 65,000,000 -90,092,000 10,963,000
31-Dec-2011 GBP 36,232,000 120,526,000 17,299,000 65,000,000 -76,309,000 24,746,000

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
31-Dec-2018 GBP 4.41% 3,000,000 65,000,000 68,000,000 66,500,000
* Average valuation during the period
** Estimated based on average Cash and Debt levels during period

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY


Status Name Appointed on Resigned on Occupation Nationality All apointments
(active/resigned)
Active PINSENT MASONS SECRETARIAL LIMITED 15 May 2006 13 Jun 2024 453 - 2667
Resigned Keith Charles WEBB 27 Mar 2003 15 May 2006 Director British 0 - 14
Resigned Daphne HOWELL 25 Feb 2000 28 Mar 2003 Professional Administrator British 0 - 7
Resigned Daphne HOWELL 12 Dec 1995 25 Feb 2000 Administrator British 0 - 7
Resigned Kevin Dominic MCGREEVY 30 Jan 1992 28 Feb 1997 Solicitor Irish 0 - 8
Resigned Ian Leonard FLAVELL 30 Jan 1992 British 0 - 43

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active David LINFORD 01 Dec 2022 Regional Director, West Europe British 1 - 00 (0.0%)
Active Lee BROWN 01 Jun 2022 Regional Account Manager - Nissan & Mitsubishi, Em British 1 - 00 (0.0%)
Active Emma JONES 01 Apr 2022 People Operations Leader, Uk & Ireland British 1 - 00 (0.0%)
Active Paul David GOLDSPINK 01 Dec 2021 Plant Manager British 1 - 11 (50.0%)
Active Paul David GOLDSPINK 01 Dec 2021 Plant Manager British 1 - 00 (0.0%)
Resigned Mark Anthony CLARKE 31 Dec 2020 29 Apr 2022 Automotive Refinish Director Uk & Ireland British 0 - 10 (0.0%)
Resigned James MWAYI 01 Sep 2019 31 Jan 2020 Plant Manager British 0 - 20 (0.0%)
Active James Robert Peter FREAN 13 Apr 2018 Asc Business Manager Northern Europe British 1 - 00 (0.0%)
Resigned Susan Elaine CLARKSON 01 Mar 2018 17 May 2021 Finance Director British 0 - 150 (0.0%)
Resigned Christopher Paul Ernest FRANCIS 01 Dec 2017 01 May 2018 Marine Sales Director - Emea British 0 - 30 (0.0%)
Resigned Michael Christopher WALSH 01 Mar 2017 01 Apr 2019 Plant Manager - Refinish Stowmarket British 1 - 10 (0.0%)
Active Ruth Kristina STEWART 01 Mar 2017 Corporate Finance Director Uk & Ireland British 7 - 40 (0.0%)
Active Ruth Kristina DIXON 01 Mar 2017 Corporate Finance Director Uk & Ireland British 9 - 00 (0.0%)
Active Richard Michael GOODE 18 Oct 2016 Market Manager British 1 - 00 (0.0%)
Resigned Christiaan Nicolaas VAN SCHAGEN 18 Oct 2016 01 Jan 2018 Asc Business Manager Northern Europe & Site Direct Dutch 0 - 10 (0.0%)
Resigned Matthew LONG 09 Apr 2015 14 Oct 2016 Plant Manager British 0 - 10 (0.0%)
Resigned David HEAL 09 Apr 2015 31 Dec 2020 Regional Protective Coatings Director - Western Eu British 0 - 20 (0.0%)
Resigned Pedro PEREZ 03 Oct 2014 01 Mar 2017 Site Manager Spanish 0 - 10 (0.0%)
Resigned Susan Elaine CLARKSON 23 Jun 2014 01 Mar 2017 Finance Director British 0 - 150 (0.0%)
Resigned Gethyn DAVIES 01 Sep 2012 27 Jan 2017 Market Manager British 0 - 20 (0.0%)
Active Charles Raymond TURNER 29 May 2012 Technical Director British 1 - 00 (0.0%)
Resigned Paul Richard DOWIE 29 May 2012 17 Mar 2020 Hr Director British 1 - 20 (0.0%)
Resigned Sarah-Jane HUTCHINSON 07 Sep 2010 06 Jan 2012 Hr Director British 0 - 10 (0.0%)
Resigned Michael John CLEWS 26 Feb 2010 30 Sep 2014 Accountant British 3 - 70 (0.0%)
Resigned Martyn Stephen BROOME 03 Sep 2009 18 Oct 2016 Market Manager British 2 - 10 (0.0%)
Resigned Jaclyn THOROLD 08 Dec 2008 07 Sep 2010 Human Resources Director British 0 - 50 (0.0%)
Resigned Brian Keith STEWART 01 Mar 2008 01 Oct 2016 Manufacturing Manager British 3 - 40 (0.0%)
Resigned Richard Clive CAWTHORPE 03 Dec 2007 01 Sep 2012 Product Marketing Manager United Kingdom 1 - 70 (0.0%)
Resigned Louise Elizabeth CLIFTON 04 Dec 2006 08 Dec 2008 Hr Director British 1 - 50 (0.0%)
Resigned Andrea RUBIO 10 Oct 2006 25 Sep 2007 Financial Controller Italian 0 - 50 (0.0%)
Resigned John Kevin RAMSEY 04 May 2005 09 Apr 2015 Business Mgr British 0 - 10 (0.0%)
Resigned Alexander BARCLAY 04 May 2005 03 Sep 2009 Market Manager British 0 - 20 (0.0%)
Resigned David Edward VIGUS 21 Sep 2004 29 May 2012 Sales & Marketing Director British 0 - 10 (0.0%)
Resigned Andrew Christopher LONG 10 Dec 2003 03 Dec 2007 Zone Director British 2 - 96 (54.5%)
Resigned Stephen William VERDIN 06 Nov 2003 01 Mar 2008 Manufacturing Manager British 0 - 10 (0.0%)
Resigned Robin CHEYNE 01 May 2003 31 Jul 2006 Manafacturing Manager British 0 - 10 (0.0%)
Resigned Philip John MAY 01 May 2003 31 Jul 2006 Director British 0 - 20 (0.0%)
Resigned Graeme Nigel GODFREY 14 Jan 2003 30 Apr 2004 Marketing Director British 0 - 41 (25.0%)
Resigned Julian Neville Guy SPURLING 02 Jan 2003 14 Nov 2003 Director British 1 - 8010 (12.3%)
Resigned Keith Charles WEBB 01 Sep 2000 15 May 2006 Accountant British 0 - 140 (0.0%)
Resigned Atif Zaheer FAROOQI 05 Jun 2000 23 Nov 2003 Director Pakistani 0 - 10 (0.0%)
Resigned Brian POLLOCK 17 Mar 2000 06 Nov 2003 Managing Director American 0 - 10 (0.0%)
Resigned Andrew Reginald MOORE 17 Mar 2000 30 Jun 2005 Director Of Financial Services British 0 - 20 (0.0%)
Resigned Richard James ARMITAGE 02 Aug 1999 18 Jan 2000 Accountant British 0 - 32 (66.7%)
Resigned James F HORD JR 21 Sep 1998 18 Jan 2000 Managing Director American 0 - 10 (0.0%)
Resigned Keith Ian MOUNTER 01 Oct 1997 30 Apr 2003 Director British 0 - 60 (0.0%)
Resigned David DELO 01 Dec 1995 31 Aug 2000 Accountant British 0 - 225 (22.7%)
Resigned James Wallace CRAIG 14 Oct 1994 01 Oct 1997 Businessman American 0 - 10 (0.0%)
Resigned Kevin Dominic MCGREEVY 14 Oct 1994 28 Feb 1997 Solicitor Irish 0 - 80 (0.0%)
Resigned Ian Leonard FLAVELL 02 Aug 1994 30 Nov 1995 Accountant British 0 - 437 (16.3%)
Resigned Alvin Wayne RUTHERFORD 02 Aug 1994 28 Sep 1998 Plant Manager Usa 0 - 10 (0.0%)
Resigned John Ream MUSSER 02 Aug 1994 30 Sep 1996 General Manager Ppg Inds Fiber Usa 0 - 10 (0.0%)
Resigned Leslie Blaine BOSWELL 10 Oct 1992 01 Sep 1994 President Europe Canadian 0 - 30 (0.0%)
Resigned Franklin H GREEN 10 Oct 1991 Businessman American 0 - 10 (0.0%)
Resigned John Terence RICHARDS 06 Nov 1998 Director Tgm Europe British 0 - 70 (0.0%)
Resigned Robert D DUNCAN 10 Oct 1991 Businessman American 0 - 10 (0.0%)
Resigned Jack B MISNER 10 Oct 1991 Businessman American 0 - 10 (0.0%)
Resigned Joe B LOVELACE 10 Oct 1991 Chemist American 0 - 10 (0.0%)
Resigned Bob S HOULK 10 Oct 1991 Accountant Director Of Finance American 0 - 10 (0.0%)
Number of active directors: 10
Average tenure of active directors: 5.1 years
Average tenure of resigned directors: 3.0 years
Average active director Dissolution Rate: 5.0%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
WHITFORD LIMITED (00959015) - Active
PPG REFINISH DISTRIBUTION LIMITED (01438525) - Active
P.P.G. GLASS (UK) LIMITED (01481840) - Active
MAX MEYER (UK) LIMITED (01879927) - Active
PPG XYZ LIMITED (02047089) - Active
PPG INDUSTRIES (UK) LIMITED (02110620) - Active
PPG HOLDINGS (U.K.) LIMITED (02140935) - Active
PPG INDUSTRIES (UK) PENSION TRUSTEE LIMITED (03291881) - Active
IVC INDUSTRIAL COATINGS (UK) LIMITED (04588702) - Active
PPG PERFORMANCE COATINGS UK LIMITED (05444547) - Active
PPG CENTRAL (UK) LIMITED (06681924) - Active
ABSOLUTE LUXE INTERIORS LTD (11441816) - Dissolved
PPG INVESTMENT UK 1 LIMITED (15441625) - Active
PPG INVESTMENT UK 2 LIMITED (15441959) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2015-10-032014-10-032013-10-032012-10-032011-10-03
PPG HOLDINGS (U.K.) LIMITEDORDINARY65,000,000
100%
65,000,000
100%
65,000,000
100%
65,000,000
100%
65,000,000
100%

SHAREHOLDINGS (BETA)

Company name Share class Shares at confimation date
2016-01-132015-01-132014-01-132013-01-132012-01-11
PPG INDUSTRIES (UK) LIMITEDORDINARY2,600,000
100%
2,600,000
100%
2,600,000
100%
2,600,000
100%
2,600,000
100%

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

PPG INDUSTRIES (UK) LIMITED

Controlled companies below

LATE PAYMENTS REPORT


Start date End date Average days to pay % invoices paid over 60 days % invoices not paid within agreed terms Gov.uk report
2023-07-01 2023-12-31 52 19% 15% 79255
2023-01-01 2023-06-30 49 16% 14% 73902
2022-07-01 2022-12-31 52 20% 17% 67424
2022-01-01 2022-06-30 45 16% 13% 60176
2021-07-01 2021-12-31 47 19% 18% 55136
2021-01-01 2021-06-30 54 28% 18% 49143
2020-07-01 2020-12-31 47 17% 16% 40731
2020-01-01 2020-06-30 58 25% 21% 34339
2019-07-01 2019-12-31 57 25% 20% 26813
2019-01-01 2019-06-30 63 30% 27% 18896
2018-07-01 2018-12-31 62 32% 32% 11552
2018-01-01 2018-06-30 38 15% 19% 4234


COURT CASES


Date Title Reference Subject
2018-03-28 Mr JS Angus v PPG Industries (UK) Ltd [2018] UKET 1300388/2018 Breach of Contract

PATENTS


No Patents found

COMPETITORS

(Based on Sic code: 20160 Manufacture of plastics in primary forms)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
LUCITE INTERNATIONAL UK LIMITED CASSEL WORKS, NEW ROAD, BILLINGHAM, ENGLAND, TS23 1LE 03830161 2018-03-31 392,900,000 55,200,000
POLYPIPE LIMITED 4 VICTORIA PLACE, HOLBECK, LEEDS, ENGLAND, LS11 5AE 01099323 2017-12-31 389,400,000 57,600,000
BASELL POLYOLEFINS UK LIMITED CARRINGTON SITE, URMSTON, MANCHESTER, M31 4AJ 02811230 2017-12-31 280,534,000 45,977,000
VICTREX MANUFACTURING LIMITED VICTREX TECHNOLOGY CENTRE, HILLHOUSE INTERNATIONAL, THORNTON CLEVELEYS, LANCASHIRE, FY5 4QD 02845018 2018-09-30 222,100,000 65,300,000
VITA CELLULAR FOAMS (UK) LIMITED OLDHAM ROAD, MIDDLETON, MANCHESTER, M24 2DB 00621497 2017-12-31 138,720,207 2,131,710
RECTICEL LIMITED BLUEBELL CLOSE, CLOVER NOOK INDUSTRIAL PARK, ALFRETON, DERBYSHIRE., DE55 4RD 00665376 2017-12-31 133,881,000 -114,000
ADVANCED ELASTOMER SYSTEMS LIMITED TRASTON ROAD, (OFF CORPORATION ROAD), NEWPORT, SOUTH WALES, UNITED KINGDOM, NP19 4XF 02512288 2017-12-31 130,736,000 20,486,000
NIPPON GOHSEI UK LTD. SUITE 5 2ND FLOOR BULMAN HOUSE REGENT CENTRE, GOSFORTH, NEWCASTLE UPON TYNE, NE3 3LS 04181436 2018-03-31 130,409,000 14,807,000
PPG INDUSTRIES (UK) LIMITED NEEDHAM ROAD, STOWMARKET, SUFFOLK, UNITED KINGDOM, IP14 2AD 02110620 2017-12-31 122,301,000 2,174,000 20301-Manufacture of paints, varnishes and similar coatings, mastics and sealants
DU PONT (U.K.) LIMITED 4TH FLOOR KINGS COURT, LONDON ROAD, STEVENAGE, HERTFORDSHIRE, UNITED KINGDOM, SG1 2NG 04556216 2017-12-31 74,800,000 4,766,000
SCOTT BADER UK LIMITED WOLLASTON HALL, WOLLASTON, WELLINGBOROUGH, NORTHANTS, UNITED KINGDOM, NN29 7RL 04562724 2017-12-31 73,525,000 633,000
ALLNEX RESINS UK LIMITED 7 ALBEMARLE STREET, LONDON, ENGLAND, W1S 4HQ 05235281 2017-12-31 45,837,000 6,827,000
INVIBIO LIMITED VICTREX TECHNOLOGY CENTRE HILLHOUSE INTERNATIONAL, THORNTON, CLEVELEYS, LANCASHIRE, FY5 4QD 04088050 2018-09-30 43,689,000 28,143,000
MAINETTI (UK) LIMITED ANNFIELD ESTATE, OXNAM ROAD, JEDBURGH, TD8 6NN SC170666 2017-12-31 24,968,155 -561,209
ROYDON GROUP PLC UNITS 1-3 JUNCTION ECO PARK, RAKE LANE, SWINTON, M27 8LU 06890221 2017-10-31 15,179,787 0
VICTREX PLC VICTREX TECHNOLOGY CENTRE, HILLHOUSE INTERNATIONAL, THORNTON CLEVELEYS, LANCASHIRE, FY5 4QD 02793780 0000-00-00 0 0

LIQUIDATION RISK (BETA)



This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:
Basis Liquidation within 3 months Liquidation within 6 months Liquidation within 12 months Prediction confidence
PPG INDUSTRIES (UK) LIMITED 0.7% 3.6% 7.1% Medium
Other companies Active in the same sector Too few competitors
Age 0.3% 1.3% 2.4% Medium
Company Type 0.7% 3.7% 7.4% Medium
Accounts category 0.7% 2.2% 3.8% Medium
Accounting Month 0.6% 2.4% 5.5% Medium
Sic code count 0.8% 3.8% 7.5% Medium
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